AnthemForum.com

Forum for residents of the Anthem Ranch - Anthem Highlands communities. This forum is not approved by or affiliated with Anthem Colorado, WS-ACB, LLC, Anthem Highlands, Anthem Ranch, PulteGroup, Inc., or any of the foregoing parties’ subsidiaries or affiliates. It is sponsored and supported by Vintage Slots of Colorado, Inc..

On 12/28/11 I received an email from Pulte (delivered through the portal) indicating that Pulte is pulling out of Anthem Highlands and Anthem Ranch. It states they have sold all the undeveloped land to Wheelock Street Capital LLC.

My preliminary investigation indicates that Wheelock has only been around since 2008.

Any idea what is going on? Pulte stock is down a lot (like 80 or 90%) in the last 5 years and they have also reduced their workforce by about 80%? Anthem Ranch in one of the hottest properties in Colorado? Why would a company sell such a jewel? Looks like they need cash.

What does all this mean for us? Will Wheelock keep subsidizing the HOA?

Dave

I have no affiliation with any "Anthem Colorado, LLC", builder, developer, management company or HOA board.AnthemForum.com has no affiliation with "Anthem Colorado, LLC", builder, developer, management company or HOA board.

Here is the letter. Click on it to see a larger, easier to read, version.

Attachments

Dave

I have no affiliation with any "Anthem Colorado, LLC", builder, developer, management company or HOA board.AnthemForum.com has no affiliation with "Anthem Colorado, LLC", builder, developer, management company or HOA board.

I went to Men's Coffee today. Unfortunately, I had to leave at 9:45 for an appointment.

Anyway, some members of the HOA board were there and they filled us in on what they knew. They found out about all this about the same time as the email went out.

Apparently, the company who bought the land has committed to keep the HOA subsidy going. All homes that are under contract and/or in process will continue to be built by Pulte.

It sounds like the new developer wants to bring in multiple builders to offer a wider variety of homes. They indicated that Pulte 'might' be one of the builders.

If anyone was there and heard more information please reply to this thread.

As I find more information I will post it here.

Dave

Dave

I have no affiliation with any "Anthem Colorado, LLC", builder, developer, management company or HOA board.AnthemForum.com has no affiliation with "Anthem Colorado, LLC", builder, developer, management company or HOA board.

I have no affiliation with any "Anthem Colorado, LLC", builder, developer, management company or HOA board.AnthemForum.com has no affiliation with "Anthem Colorado, LLC", builder, developer, management company or HOA board.

It looks like the workers are continuing to work on all houses in progress but the big dirt movers have been idle for two days now.

Dave

I have no affiliation with any "Anthem Colorado, LLC", builder, developer, management company or HOA board.AnthemForum.com has no affiliation with "Anthem Colorado, LLC", builder, developer, management company or HOA board.

I have no affiliation with any "Anthem Colorado, LLC", builder, developer, management company or HOA board.AnthemForum.com has no affiliation with "Anthem Colorado, LLC", builder, developer, management company or HOA board.